The National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) are pleased to see the introduction of the Identifying Regulatory Barriers to Housing Supply Act, legislation that will bring attention to barriers on housing development and help address the nation’s housing affordability crisis if signed into law.
Rental housing providers strongly support the passage of this Act, sponsored by a bipartisan and bicameral group of lawmakers. We are thankful to Sen. Todd Young (R-Ind.), Sen. Brian Schatz (D-Hawaii), Rep. Mike Flood (R-Neb.) and Rep. Brittany Pettersen (D-Co.) for their leadership on the issue. This critical legislation will encourage localities to address outdated and burdensome zoning, permitting and building regulations.
The demand for additional housing is apparent, and there is no doubt that communities across the country are facing serious housing affordability challenges. NMHC and NAA research illustrates the need to reduce regulatory burdens in support of increased housing development, in that we need to build 4.3 million more apartments by 2035 to meet the nation’s housing needs. However, the apartment industry currently faces significant barriers to new apartment construction, development and renovation.
On behalf of rental housing providers and the 40 million Americans who live in apartment homes, NMHC and NAA look forward to continuing to work with lawmakers in both parties to advance legislation aimed at achieving real solutions to the housing affordability crisis.
For more than 27 years, the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) have partnered on behalf of America's apartment industry. Drawing on the knowledge and policy expertise of staff in Washington, D.C., as well as the advocacy power of 141 NAA state and local affiliated associations, NAA and NMHC provide a single voice for developers, owners and operators of multifamily rental housing. One-third of all Americans rent their housing, and 40 million of them live in an apartment home.
